Monday, 12 April 2021 | The Latest Buzz for the Appraisal Industry

HECM Volume Up 37.5% in 2020

Home Equity Conversion Mortgage (HECM) endorsements were up 15.1% year-over-year in December to 4,097 loans, according to new data from Reverse Market Insight. For calendar year 2020, HECM volume recorded an annualized increase of 37.5% to 44,661 loans. Eight of the 10 regions tracked by RMI recorded strong growth during December, led by New England’s …

The post HECM Volume Up 37.5% in 2020 appeared first on DSNews.

Responses

Welcome

Need Help?

Our knowledge base will help you and find the answers you're looking for.